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Statement of Income (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Rental Income $ 313,659 $ 241,737 $ 813,070 $ 719,972
Expenses:        
Partnership Administration – Affiliates 57,078 50,650 165,388 152,129
Partnership Administration and Property Management – Unrelated Parties 11,194 17,018 43,877 42,062
Property Acquisition 30,653 0 56,473 0
Depreciation and Amortization 120,510 88,093 303,500 264,279
Total Expenses 219,435 155,761 569,238 458,470
Operating Income 94,224 85,976 243,832 261,502
Other Income:        
Income from Equity Method Investment 258,367 0 258,367 0
Interest Income 2,097 3,126 9,449 6,277
Total Other Income 260,464 3,126 267,816 6,277
Income from Continuing Operations 354,688 89,102 511,648 267,779
Income from Discontinued Operations 99,528 1,182,845 635,587 1,311,456
Net Income 454,216 1,271,947 1,147,235 1,579,235
Net Income Allocated:        
General Partners 4,542 19,290 11,472 22,363
Limited Partners $ 449,674 $ 1,252,657 $ 1,135,763 $ 1,556,872
Income per Limited Partnership Unit:        
Continuing Operations (in Dollars per share) $ 15.50 $ 3.89 $ 22.36 $ 11.70
Discontinued Operations (in Dollars per share) $ 4.35 $ 51.41 $ 27.78 $ 57.03
Total – Basic and Diluted (in Dollars per share) $ 19.85 $ 55.30 $ 50.14 $ 68.73
Weighted Average Units Outstanding – Basic and Diluted (in Shares) 22,653 22,653 22,653 22,653